Minnesota Christian Broadcasters Inc

Analysis

Minnesota Christian Broadcasters Inc is a registered charity in United States, based in Pequot Lakes, MN. It received its IRS tax-exemption ruling in July 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Minnesota Christian Broadcasters Inc reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.4m (+26%), an average of +6.0% a year. The sharpest change came in the year to August 2023, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Christian Broadcasters Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Community Action for Better Housing Inc ($1.4m), Passaic United Hebrew Burial Association ($1.4m) and Gumboro Volunteer Fire Co ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $482k. At year end it held assets of $2.3m against liabilities of $85k, net assets of $2.2m. It reported 11 employees.